NEW YORK (TheStreet) -- Shares of Exxon Mobil Corp (XOM) are up 0.77% to $89.53 in midday trading Monday, after the oil and gas company reported better than expected earnings results for the 2015 first quarter last Thursday.
The company earned $1.17 per share for the first quarter, higher compared to forecasts of 83 cents per share, according to analysts polled by Thomson Reuters.
Revenue came in at $67.62 billion for the period, compared to the $56.39 billion analysts were expecting.
Irving, TX-based ExxonMobil is the largest publicly traded international oil and gas company and holds an industry-leading inventory of resources. The company is the largest refiner and marketer of petroleum products.
Insight from TheStreet's Research Team:
Oil names have been on the run the last couple weeks, as crude continues to climb.
The commodity has just finished near $60 for the first time in months, but it's the big integrated oils that have made a mark.
The biggest of them all, Exxon Mobil, has a nice looking chart that may have more upside to come.
We can see from the chart the nice series of higher highs and higher lows since early April.
Volume trends have been positive, and we can see very good Relative Strength as the price has risen; but, not in alliance with the indicators, which tells us price action has lagged.